Future-Oriented Innovations

Future-oriented innovations are a range of products or companies and techniques which can enhance the lives of individuals. They can enhance areas like healthcare and space technology or boost a company’s competitiveness. Making them requires an enormous amount of effort from numerous high tech technology stakeholders as well as a paradigm shift and significant epistemic visibility. It is also essential that a company’s command line and staff to be open to learn from long term trends and be able to hear them.

Fear of the unknown, resistance towards change and a focus on only short-term gains are the most frequent obstacles that block future-oriented innovations. In an organisational setting, these challenges can be overcome with the development of a mindset that is based on growth and an environment of innovation. Employees will also feel motivated to work towards the future goals. This is often known as phronesis which means that individuals need to have an incentive to take the risky choices in their work and can lead to higher retention rates for employees of organizations that have a forward-looking mindset.

It is becoming more apparent that innovation ecosystems can benefit from an understanding of the future possibilities. This could be achieved by integrating foresight into the innovation ecosystem and strengthening the structural connections between research and strategy building processes, and increasing general awareness of possibilities by incorporating different perspectives into https://datatraininst.com/2021/07/14/generated-post-2/ dialogue. The foresight wheel model is a methodological model that can be used to address these needs with a practical and efficient manner that is scalable. This article outlines a novel approach to developing future-oriented innovation.